Word: reichsbank
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From the German point of view, President Roosevelt, in trade matters, is a shady coin-clipper who cheapened the value of the U. S. dollar and thus "unfairly" reduced U. S. export prices on the World market. In Washington's eyes, the German Economics Minister and Reichsbank President Dr. Hjalmar Schacht is also shady because he does not similarly and frankly reduce the value of all German marks but, instead, has created an intentionally bewildering list of different kinds of marks. Each has a separate value and all are manipulated to Germany's trade advantage by Schacht...
...late by the Greek Cabinet. The Premier, General John ("Little Moltke") Metaxas, has been frankly pro-German ever since he rated high as a young officer student at Kaiser Wilhelm's Military Academy. He has recently made important trade agreements with Dr. Hjalmar Schacht, President of the Reichsbank, and he considers that all Europe is hurtling toward a crisis in which it must choose between forms of Communism and forms of Fascism...
...Nazi radicals who hate him, swank Franz von Papen became Minister in Vienna (TIME, Aug. 20, 1934), has intrigued there ceaselessly ever since. His family are big in German industry, and big Austrian industrialists recently sat up all night in his legation with Dr. Schacht, president of the Reichsbank. as the pot simmered (TIME, June 29). One day last week Adolf Hitler slipped out of Berlin, ensconced himself near Austria's frontier among the motto-encrusted sofa cushions of his snuggery at Berchtesgaden, and von Papen laid before him the whole Deal, as concocted by Mussolini and Schuschnigg, Schacht...
...Japanese Press announced with indignation last week that the long fingers of Dr. Hjalmar Horace Greeley Schacht, the German Economics Minister and Reichsbank President, have now dipped into China as well as into the Balkans (TIME, June 29 et seq.). The official Japanese Domei news agency put on its wires that China and Germany have just signed a trade pact with three clauses...
...imposed new import restrictions amounting to some $7,000,000 which will mostly operate in Germany's favor. Not indeed since Athenians mulcted Sam Insull had they done such a thorough job. Much credit for the German success went to Dr. Hjalmar Horace Greeley Schacht, President of the Reichsbank, who has just made a flying Balkan tour, booking orders for munitions against blocked marks (TIME, June...